Boeing has taken the 757 twinjet out of production after 21 years and more than 1,000 sales to 55 airlines. Although prompted by the decision of Continental Airlines to scrub orders for the 757-300, Boeing Commercial Airplanes chief Alan Mulally says that advances in the Boeing 737 line, paralleled by its planned 7E7 model, narrowed the 757's niche. Mulally said: 'It's really Boeing and technology that are replacing the 757.' The company will take a pre-tax charge of $184 million when it ends the production line in third-quarter 2004, although the effect on residual 757 values is uncertain.
Source: Airline Business
